Harman International Industries Inc. (HAR) first-quarter net loss was $9 million or $0.14 per share, compared with a net income of $21 million or $0.36 per share in the year-ago period.
On a non-GAAP basis, net loss for the first quarter was $4 million or $0.05 per share, compared with a net income in the year ago period of $28 million or $0.47 per share.
Analysts polled by Thomson Reuters estimated a loss of $0.23 per share. Analysts' estimates typically exclude one-time items.
Net sales for the first quarter declined to $757 million from $869 million in the year-ago period. Five analysts expected revenues of $693.32 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.